Coca-Cola HBC (OTCMKTS:CCHGY) Shares Gap Down – Should You Sell?

Coca-Cola HBC (OTCMKTS:CCHGY) gapped down prior to trading on Monday . The stock had previously closed at $58.49, but opened at $55.88. Coca-Cola HBC shares last traded at $55.88, with a volume of 223 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Coca-Cola HBC from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating on shares of Coca-Cola HBC in a research report on Wednesday, February 11th. Finally, Kepler Capital Markets downgraded Coca-Cola HBC from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.99. The stock has a 50 day simple moving average of $58.18 and a 200 day simple moving average of $54.84.

Coca-Cola HBC Company Profile

Coca-Cola HBC (OTCMKTS:CCHGY) is a major bottling partner for The Coca-Cola Company, engaged in the production, packaging, distribution and marketing of nonalcoholic beverages. As a concentrate licensee and bottler, the company manufactures and sells a broad portfolio of branded soft drinks, waters, juices, ready-to-drink teas, sports and energy drinks, and other still beverages under global and local brands. Its operations cover the full bottling value chain, from procurement of raw materials and bottling to route-to-market distribution and retail execution.

The company’s activities encompass manufacturing at local bottling plants, supply chain and logistics management, commercial and customer-facing sales, and marketing support for both global Coca‑Cola brands and regionally tailored products.